Charlotte

Shelby firm to offer high-speed broadband service similar to Google Fiber

March 12, 2014

(The Charlotte Observer)

Shelby-based RST Fiber says it spent four years installing cable and acquiring existing lines across North Carolina and is ready to introduce a new network that can connect to the Internet at speeds 100 times faster than today's offerings.

Southwest wants to add flights from Dallas to Charlotte, Raleigh

March 12, 2014

(The Charlotte Observer)

Southwest Airlines wants to add nonstop flights from Dallas to about a dozen cities including Charlotte, Raleigh and Charleston, S.C. The carrier is hoping to add two gates at Dallas Love Field that American Airlines was forced to give up as a result of its merger with US Airways.

Carolinas HealthCare uses patient data to cut costs

March 12, 2014

(The Charlotte Observer)

Through expanded use of electronic medical records, Carolinas HealthCare System is harnessing patient information to prevent illnesses, manage chronic conditions and ultimately keep costs down. The hospital system is forecasting its first loss next year in more than 30 years. 

Charlotte-based Chiquita to merge with Irish fruit company

March 11, 2014

(The Charlotte Observer)

Chiquita Brands International will merge with Fyffes, an Irish produce company. The new company will be called ChiquitaFyffes and will be based in Dublin. Ed Lonergan, chief executive of Chiquita, said the deal should not have a major impact on the company's employment in Charlotte.

Duke Energy CEO says customers would pay for ash cleanup

March 10, 2014

(The News & Observer, Raleigh)

Duke Energy CEO Lynn Good said Friday that the utility would seek to increase customer rates to pay for the expense of cleaning up ash ponds. Early estimates show costs to move coal ash away from drinking-water sources at 14 sites in N.C. could be close to $1 billion. 

Charlotte may break up Eastland Mall site into sections

March 10, 2014

(The Charlotte Observer)

The city of Charlotte may commission a new study to determine the best option for the 80-acre site of the former Eastland Mall. Now that it appears the city will not move forward with a movie studio project, it may consider breaking up the site into smaller sections with multiple developers.

Fans line up to buy single-game tickets for Charlotte Knights

March 10, 2014

(The Charlotte Observer)

Single-game tickets for Charlotte Knights home games went on sale Saturday, and tickets for the season's first two home games at the new BB&T Ballpark on April 11 and April 12 sold out by the end of the day. Season-ticket packages including those same games were still available.

AIG selects uptown Charlotte site for technology center

March 10, 2014

(The Charlotte Observer)

American International Group will open its new Charlotte technology center at the BB&T Center in uptown this summer. The insurance company announced last December it would open the software-development center and create 230 jobs with an average annual salary of about $100,000.

Business students present marketing ideas for Salisbury's Cheerwine

March 10, 2014

(The Salisbury Post)

Salisbury-based Cheerwine solicited marketing ideas from its core demographic – college students – at a global marketing summit the soft-drink company sponsored at Wake Forest University's Center for Retail Innovation.

New outlet mall in Charlotte will open in July

March 10, 2014

(The Charlotte Observer)

Charlotte Premium Outlets in southwest Charlotte is expected to open in July. The joint venture between Tanger Factory Outlet Centers and Simon Property Group will have 400,000 square feet or retail space and about 90 tenants.

Red Ventures moving 280 jobs to Charlotte area

March 7, 2014

(The Charlotte Observer)

Red Ventures says it will move 280 jobs to its headquarters site in Indian Land, S.C. and Charlotte. The marketing-services company will close its operations in San Antonio and Miami in an effort to move all employees closer together. All but 55 of the affected employees will be offered the opportunity to relocate to the Charlotte area.

Movie studio project for Charlotte's Eastland Mall site in jeopardy

March 7, 2014

(The Charlotte Observer)

Although a formal decision has not been made, it appears the Charlotte City Council will not to extend developer Bert Hesse's exclusive window to make a deal with the city regarding the Eastland Mall site. Hesse wanted to develop the site into movie studios, but council members say he has produced little information about the project's financing.

Cold weather boosts Piedmont Gas earnings

March 7, 2014

(The Charlotte Observer)

Charlotte-based Piedmont Natural Gas reported net income of $97.6 million for the first quarter, almost 14% higher than the same period a year ago. Total revenue for the quarter was up 28% to $657 million.

Charlotte says Orr responsible for parking rate increase at Charlotte Douglas

March 6, 2014

(The Charlotte Observer)

A report from the Charlotte city manager's office says the city had to increase parking rates at Charlotte Douglas International Airport because former Aviation Director Jerry Orr did not plan for expenses associated with tearing down old parking decks. The airport began raising parking rates by 40% to 50% last month.

Charlotte's Park Sterling to buy Rock Hill-based community bank

March 6, 2014

(The Charlotte Observer)

Charlotte-based Park Sterling Bank Corp. will acquire Rock Hill, S.C.-based Provident Community Bancshares in a deal worth $6.5 million. The upcoming TARP deadline is prompting many small banks to consider acquisitions by larger banks better capable of repaying their debt obligations.

Kannapolis to look at moving Intimidators to downtown stadium

March 6, 2014

(Independent Tribune, Concord)

The Kannapolis City Council will consider building a new downtown stadium for the Intimidators, its minor-league baseball team. Supporters claim ticket sales could increase by 50% or more and moving the stadium would increase foot traffic downtown and help revitalize the area.

Bank of America to offer new checking option

March 6, 2014

(The Charlotte Observer)

Bank of America will introduce a new checking-account option with a flat-rate monthly fee designed to appeal to low-income customers. The Charlotte-based bank hopes its "Safe Balance" offering, with a $4.95 monthly fee, will compete with pre-paid debit cards, which have grown in popularity with that market segment.

Shelby's Rogers Automotive to be sold to Charlotte group

March 6, 2014

(The Shelby Star)

Rogers Automotive Group, a Cleveland County auto dealership open for more than 50 years, will be sold to Charlotte-based Donald Automotive Group.

Duke Energy reveals more metal pipes at coal power plants

March 6, 2014

(The News & Observer, Raleigh)

Duke Energy has found eight more corrugated-metal pipes as North Carolina power plants where coal ash is stored, including a second one at the Dan River plant that has been found to be leaking. The utility previously reported the broken pipe that led to the coal-ash spill in Eden was the only one made of metal.

 

Charlotte-based union of US Airways pilots files lawsuit over seniority

March 5, 2014

(The Charlotte Observer)

A union representing US Airways pilots has filed a lawsuit over who should have seniority after the airline's merger with American Airlines. Seniority is a factor in deciding which routes and planes pilots fly, which determines how much money they make.